Allen Powell, vice president and chief financial officer for EBSCO Subscription Services, has been named vice president and division general manager, EBSCO Information Services, effective July 1, 2004.

Powell succeeds F. Dixon Brooke, Jr., recently named chief operating officer for EBSCO Industries, Inc.

"We are fortunate to have someone of Allen's proven capability on our team," said Brooke. "His willingness to assume greater responsibilities in the organization is appreciated. Allen is well known at various levels within the organization and is respected for his knowledge and business acumen.

"I know Allen to be a hard working and exceedingly capable individual with a solid blend of financial and operational savvy," he continued. "In my view, Allen is well prepared to lead EBSCO Subscription Services into the future."

Powell will take on the responsibility for the management of EBSCO's global office network (31 regional offices located in 19 countries around the world) and will also supervise six departments based at the company's International Headquarters that support EBSCO Subscription Services.

After working with the Birmingham, Ala. branch of international accounting firm Ernst & Young, Powell, a certified public accountant, joined EBSCO in January 1991. He was named a vice president of EBSCO Industries, Inc. and chief financial officer of the North American, Latin American and Australasian units of EBSCO Subscription Services in 1994. In 1998, Powell's duties were expanded to include all financial activities of the division's European unit. He was also named general manager of JETS (Journal Expediting and Technical Services) the same year. JETS is EBSCO's journal consolidation outsourcing service that provides worldwide subscription delivery along with other specialized services.

Integrally involved in the management of the operational aspects of EBSCO Subscription Services, Powell has also played key roles in many EBSCO acquisitions. One of his most recent achievements was helping to lead EBSCO to the successful acquisition of RoweCom and the transition of its operations and customer base.

"I am honored by the opportunity to assume this new responsibility. This is a challenging time for our library and publisher partners as serial information continues to move from the print to electronic medium. In this regard, I am excited about the industry-leading products and services EBSCO currently has as well as the new solutions we are developing that are designed to help our partners navigate and successfully manage the world of e-resources," Powell said.

About EBSCO Information Services
EBSCO Subscription Services, EBSCO Publishing and EBSCO Book Services form the EBSCO Information Services group. EBSCO is a worldwide leader in providing information access and management solutions through print and electronic journal subscription services, research database development and production, online access to approximately 150 databases and thousands of e-journals, and online book purchasing. EBSCO has specialized products and services for academic, medical, government, public and school libraries as well as for corporations and other organizations. EBSCO maintains a comprehensive database of more than 282,000 serial titles and upholds active relationships with more than 60,000 publishers worldwide. 2004 marks EBSCO's 60th year of serving the library and business communities. For more information, visit www.ebsco.com.

Contact: Rebecca C. Walden Corporate Communications Office: (205) 980-6794 Cell: (205) 281-7111 rwalden@ebsco.com

Release Date: June 11, 2004